VCSEL market to reach over $2 billion in 2018
Report estimates a CAGR of 33.1 percent from 2013 through 2018
In its latest report, Vertical-Cavity Surface-Emitting Lasers (VCSEL): Technologies and Global Markets, BCC Research estimates that the VCSEL market will grow from $501.0 million in 2013 to nearly $2.1 billion in 2018, a compound annual growth rate (CAGR) of 33.1 percent from 2013 through 2018.
Optical fibre data transmission is the largest segment of the global VCSELs market, with a market share of $158.1 million in 2013. This market is projected to increase to about $615.1 million by 2018, a CAGR of 31.2 percent for the period of 2013 to 2018. The global market for analogue broadband signal transmission will increase at a CAGR of 37.3 percent to reach about $292.8 million in 2018, up from an estimated $60.0 million in 2013.
Extensive research and development into VCSELs has resulted in high-power conversion efficiency of 63.4 percent in the current year. Other types of commercially available lasers have typical power conversion of around 20 to 25 percent, according to the report.
BCC Research's report analyzes the global market trends, market drivers, restrains and opportunities, along with compound annual growth rates through 2018. VCSELs in optical communications market are expected to be a dominant source in coming years. Other technologies such as gesture recognition and industrial sensing will spur the demand of VCSELs in the future.
In this report the VCSEL market is segmented into applications; materials (GaN, GaAs, InP and others AlGaAs, InGaAsN, etc); colours (red, green, blue-violet, infrared etc); and geography. There is also analysis of industry, competition and patents.
